๐Ÿ‘‹ I am brand new to Forex from the uk

Hi,

I have just started to learn Forex and it has taken me a long time to seive through a multitude of courses and eventually coming across this one. I am hoping to do a couple of months of learning with the aim to start trading from September onwards.

Many thanks
Heidi

Hello and welcome to the BabyPips community! :tada:

Your first step should be to complete all grades and modules of the BabyPips School of Pipsology.

Once you are done with theory lessons and started practicing on a Demo Account, you may consider creating your own Trading Journal and ask burning questions over at the Beginner Questions section.

Regardless of how confident you feel with your knowledge of Forex trading, complete at least 100 trade positions on a Demo Account with the exact same strategy to determine whether you have an edge in the markets before taking on a Live Account.

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Thats brilliant. Thank you and will do.

Hi and welcomeโ€ฆ :+1:t3:

Hi @Heidi705. Welcome and good luck.

As youโ€™re in the UK, a special mention - donโ€™t ignore that you are legally able to open an account with a spreadbetting company and trade tax-free that way. Worth opening a demo account at least to try it out. Make sure whoever you use is FCA-registered.

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I will definitely use a demo account for the next couple of months. I dont plan on using real money until atleast september so I can try and bottom out some of the initial mistakes / sticking points before hand. I will look for fca as a main point but there are so many to choose from. Thank you for your advice :slight_smile:

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Welcome to BabyPips, Heidi. Good luck on your fx trading journey. Wish you all the best.

Hi and welcome :slight_smile:

Welcome to the party!

I encourage you journal your trades. A journal will give you a detailed insight to your mistakes and success.

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Welcome to the community, Heidi! Youโ€™ve got a good plan. I wish you well on your journey and hope to hear more of your trading experiences. See you around!

Hello and welcome to the babypips community. Good luck on your forex trading journey. Wish you all the best.